Blue Star Foods Corp. (BSFC) intrinsic value & 10-year financials
Blue Star Foods Corp. (BSFC) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 27.3% a year to $2.9M, with an average return on invested capital of -144.9%.
- Graham intrinsic value
- —
- Share price (Oct 16, 2026)
- $1.00
- Market cap
- $37.4M
- Revenue (FY2025)
- $2.9M
- Revenue growth (10-yr CAGR)
- -27.3%
- ROIC (10-yr avg)
- -144.9%
- Free cash flow (FY2025)
- -$684.5K
BSFC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.9M | -$3.6M | -$0.10 | -$684.5K | -80.9% | 258.0% |
| FY2024 | $3.6M | -$12.5M | -$0.35 | -$6.3M | -281.5% | -916.0% |
| FY2023 | $6.1M | -$4.5M | -$0.07 | -$3.7M | -69.1% | -163.6% |
| FY2022 | $12.8M | -$13.2M | -$0.04 | -$3.9M | -91.0% | -260.1% |
| FY2021 | $10.0M | -$2.6M | — | — | -27.9% | -61.1% |
| FY2020 | $14.1M | -$4.4M | -$0.02 | $4.5M | -12.8% | -72.5% |
| FY2019 | $23.8M | -$5.0M | -$0.03 | $1.6M | -16.6% | -240.6% |
| FY2018 | $32.2M | -$2.3M | -$0.01 | $3.6M | -3.9% | 196.1% |
| FY2017 | $37.0M | $393.9K | $0.00 | -$3.1M | 3.6% | -44.0% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Blue Star Foods Corp. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Blue Star Foods Corp. has historically struggled to out-earn its cost of capital, averaging just -21.0% ROIC.
Blue Star Foods Corp. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Blue Star Foods Corp. is modeled at -27.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.10 per share.